Sell below 109.77. Stop loss at 110.29. Take profit at 108.53. Reason for the trading strategy (technically):
Price has broken out of our channel triggering a bearish exit below 109.77 resistance ( Fibonacci retracement , horizontal swing high resistance) for a strong push down to 108.53 support ( Fibonacci extension , horizontal swing low support). Stochastic (55,5,3) is seeing a nice reaction off our 96% resistance signalling that a reversal is occurring. We can also see good downside potential for the rest of our move.